The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-02
MONEY, BONDS AND STOCKS

New York Shows a strong Market, with High
Prices for Almost Everything.
NEW YORK, Nov. Mooney call was
Dasy at TO Al per cent. closing offered at
per cent
Prime mercantile paper. Gas per cent
Sterling exchange YVES dull but steady and un-
changed
The total sales OF stocks to-day were 900, 331
bhares. including the following: Canada South
Urn, 500; Delaware. Lackawanna & Western,
10. 765; Erie, $500; Kansas & Texas 5,445;
Lake Shore, 9.470; Louisville & Nashville, a, 400;
Missouri Pacific, 90 COS; Northwestern, IA, 855;
Northern Pacific preferred. $500, PEORIA Deca-
tur & Evansville, g. 15o Reading, $1,000; ST.
Paul, 40, S37; Union Pacific, 1885, Western
Union, q, AS.
The stock market to-day was strong all the
way out, though the progress made during the
forenoon was small. The bears" felt the mar
ket IN the morning, but they encountered a very
firm undertone, and considerable covering was
aone An effort to dspress prices by special at
tacks upon a few stocks was made, but met
with little success. and later in the day the buy
ing assumed larger proportions. coming from
both sides of the account The increase in the
Pennsylvania dividend, the reports from the
West that rates were to be advanced. the I'M
usually good showing of the Union Pacific earn
tngs, and rumor that there was TO be a meet
ing OF transcontinental roads, and that the
Canadian Pacific would be induced
to join the others in advancing
rates, all influential in creating
and enhancing the prevailing buIlish feeling.
Missouri Pacific was the most conspicuous stock
In the forenoon, but after the first few minutes
it exhibited firm front, and later became one
of the strongest stocks the list Specially
heavy advances were made by Manitoba and
Union Pacific, but the improvement in the gen.
eral list was remarkably uniform, and few
stocks failed to share in the strength displayed.
There was heavy selling of Reading in the fore
noon by brokers identified with the "hulP side
of late and some Impression was made on the
stock. but the buying was equally effective, and
the advantage was but monetary. The gran
gers were specially strong all the way out, on
good buying, attributed to Western operators.
The market opened generally steady. and the
business was quiet. except in four or i've stocks,
but the tone of the dealings was firm to strong,
Missouri Pacific being the only exception.
though it quietly recovered and Joined the re-
mainder in the upward movement North
western led the early advance, after which dull
ness became tbs leading feature, though the
tone still remained firm. There was more ami
nation In the afternoon. and Manitoba showed
unusual strength. followed by Missouri Pacific,
Union Pacific, and the rest of the list Canada
Southern and Peoria, Decatur e Evansville,
were features of the last hour. and the
advance checked only by the close
of business, which was active and strong a.
the best prices reached. The closing prices are
invariably higher. and Manitoba is up 4: Omaha
and Michigan Central, 81; Missouri Pacific. %:
Rock Island and Northern Pacific preferred. 2;
Pacific Mail and Union Pacific, Is New York
Central, Kansas C Texas. and canada Southerc.
IL; Northwestern, Jersey Central, Lake Shore.
ST. Paul and Texas Pacific. II; Erie and Louis
vile & Nashville II; Delaware & Hudson.
Lake Erie & Western preferred, and Norfolk
& Western preferred, Il; Lackawanna, Read
ing Richmond 6 West Point and Oregon Trans
continental, per cent.
Railroad bonds were more quiet than usual OF
late sales 1878 0O0 of which $151 900 were in Kan
sas & Texas skies. The Kansas s. Texas issues
were the feature, and were feverish and irregu-
lar, though they showed improvement late in
the afternoon. The general list was heavy dur
ing the forenoon. but recovered toward the
close, though final prices generally show de-
clines. ST. Paul southwestern division skies,
lost 81. to 1111; Hooking Valley skies, 4. to 65.
and New York Central regular debentures. q.
to 1074. Chesapeake & Ohio extension fours
rose 5, to g. and Peoria, Decstur & Evansville
seconds, 3. to 49,
Government bonds were dull ard steady.
State bonds were dull and featureless. Closing